Rigid Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 253.36 Billion |
| Market Size (2029) | USD 284.60 Billion |
| CAGR (2024 - 2029) | 2.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rigid Plastic Packaging Market Analysis
The Rigid Plastic Packaging Market size is estimated at USD 253.36 billion in 2024, and is expected to reach USD 284.60 billion by 2029, growing at a CAGR of 2.35% during the forecast period (2024-2029).
According to the Plastics Industry Association's Rigid Plastic Packaging Group (RPPG), Plastics account for one-third of the global packaging industry, and much of this plastic packaging is rigid.
- Packaging made of rigid plastic is durable, affordable, and environmentally friendly. A significant market driver for rigid plastic packaging is the rising need for environmentally friendly and sustainable packaging solutions. Potential growth prospects are being created for manufacturers.
- The convenience packaging industry influences the rigid plastic packaging market since busier lives call for items that can be consumed while on the move and cut down on cooking time. The need for rigid packaging will also be fueled by increased disposable income and expanding packaged goods consumption in emerging nations.
- Augmenting demand for biodegradable rigid plastic packaging is expected to boost the market growth in the future. Also, people's consumption trends shifting towards sustainable packaging solutions for beverages and other household care products positively impact the rigid plastic packaging market. For Instance, Pepsi Black in India is being packaged using rPET packaging materials. Moreover, rapidly increasing urbanization also contributes to market growth. Furthermore, the growing disposable income of the people will positively impact market growth in the coming future.
- The growing demand for rigid plastic packaging from the healthcare industry is also one of the critical factors that has triggered the market's growth in recent years. Rigid plastic helps enterprises in the healthcare industry protect medicines from contamination. The medical product packaging must be compliant with international regulatory standards for safety. Therefore, the properties of rigid plastic, along with its durability, lightweight, cleanliness, and transparency, make it the perfect choice for storing medical products.
- However, high competition for advanced rigid plastic packaging may hinder market growth. Also, increasing the use of BisphenolA (BPA) in manufacturing plastic products poses a significant challenge for the overall rigid plastic packaging market. Raw material volatility is another major stumbling block to the market's expansion. Crude oil is the primary raw material used in plastic-based products, and price fluctuations in crude oil impact the pricing of the finished goods.
Rigid Plastic Packaging Market Trends
Polypropylene (PP) to Account for Significant Market Share in Rigid Plastic Packaging Market
- Compared to other plastic materials like polyethylene, polyethylene terephthalate (PET), polystyrene (PS), and others, polypropylene offers superior barrier qualities, improved surface polish, cheap cost, and high tensile strength. These features make polypropylene an ideal material for a range of packaging applications. Some of the growing applications for polypropylene include medicine bottles, bottles for ketchup and syrups, and bottle caps and closures. The market for rigid plastic packaging will thus continue to increase over the projected period due to the rising demand for polypropylene (PP) material.
- Medicine bottles, bottle caps and closures, and bottles for ketchup and syrups are some of the increasing applications of polypropylene. For instance, under its brand, Magnum, Unilever launched ice creams in tubs made from recycled PP plastic packaging, the first in the ice cream industry. The move was part of the company's broader strategy to ensure that 25% of its plastic packaging will come from post-consumer recycled content by 2025.
- Further, according to a report by the PlastIndia Foundation, India has a manufacturing capacity of 4,970 Kilo Ton per Annum (KTA) for Polypropylene (PP). According to IBEF, India is progressing in plastic industries with 30,000 plastic processing units, and about 4 million people are employed.
- According to the American Chemistry Council, in the United States, the total volume of plastics produced in 2022 was 125.5 billion pounds, a rise from the 123.9 billion pounds produced in 2021. The surge in plastic production is expected to increase the demand for rigid plastic packaging as raw materials become more readily available. In particular, the increased production of polyethylene (PP), widely used in rigid packaging, is expected to increase the supply of polypropylene resin, which may decrease costs and increase availability for packaging manufacturers.
Asia-Pacific to Witness Significant Market Share in the Forecast Period
- The Asia-Pacific region holds a significant market share. Due to their expanding economies and economic activity, the rigid plastic packaging industry is predicted to increase in nations like China and India. In addition, these nations' expanding populations provide a significant market for FMCG goods and consumer durables, which is anticipated to fuel the expansion of the rigid plastic packaging industry.
- The demand for rigid plastic packaging has grown for the forecast period due to significant factors, including industrialization, the growth of the convenience food industry, an increase in manufacturing activities, rising disposable income, rising consumption levels, and rising e-retail sales. Furthermore, the growth of countries like India, China, and Indonesia drives the Asia-Pacific region to lead packaging demand for the global beauty and personal care industry.
- The consumption of soft drinks in China has seen a surge in recent years, as evidenced by the fact that in February of 2023, the volume of manufactured soft drinks in the country was estimated to be around 26.88 million metric tons. This has led to an increase in the need for packaging materials to store and transport these beverages. It is expected that the market for rigid plastic packaging will experience significant growth in the near future, as the durability, lightness, freshness, and recyclability of PET plastic bottles and containers are preferred by soft drink manufacturers.
- Manufacturers are launching innovative pack formats, sizes, and functionality in response to the consumer demand for convenience. Also, with the growth in oral, skincare, and niche categories, such as men's grooming and baby care, Asia-Pacific is both an opportunity and challenging region for packaging manufacturers.
Rigid Plastic Packaging Industry Overview
The rigid plastic packaging market is fragmented. Due to the presence of several players, the market has strong competition. Companies focus on providing lightweight, high-performance, corrugated grades to reduce costs and improve packaging performance. Some of the major players in the market are Amcor Group GmbH, Alpla Werke Alwin Lehner GmbH & Co KG, Silgan Holdings Inc., Sealed Air Corporation, Plastipak Holding Inc., Sonoco Products Company, and Graham Packaging Company Inc., among others.
In August 2023, Berry Global launched a selection of reusable bottles, which are claimed to be made entirely from Post-consumer Recycled Plastic (PCR), for the purpose of providing cleaning services to the Bio-D Society. The bottles are available in 750ml, 1000ml, and 500ml sizes and are intended for a variety of Bio-D's liquid products, including detergents, fabric conditioners, dishwasher rinses, washing-up liquids, and H&G cleaners.
In September 2022, Amcor Rigid Packaging developed ClearCor to produce DairySeal, a novel PET barrier technology for containers of ready-to-drink dairy beverages. The bottles are recyclable and can contain up to 80% recyclable elements in their construction. ARP created a barrier out of PET film to keep dairy beverages tasting fresh. A "concentrated capsulation" created by new technology designed by ClearCor in the preform's core gives the containers additional flexibility and resin possibilities.
In July 2022, Alpla acquired the Polish company Apon, which makes plastic containers for the pharmaceutical market. Apon created bottles, containers with screw closures or snap lids, dose aids for medical equipment, food supplement packaging, and e-liquid packaging. The business is expanding its footprint in Central and Eastern Europe and supplying the Baltic nations and Poland's developing markets with quality goods.
Rigid Plastic Packaging Market Leaders
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Amcor Group GmbH
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Berry Global Inc.
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Alpla Werke Alwin Lehner GmbH & Co KG
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Silgan Holdings Inc.
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Sonoco Products Company
*Disclaimer: Major Players sorted in no particular order
Rigid Plastic Packaging Market News
- July 2023: PepsiCo India declared that it will introduce India's first 100% recycled plastic bottles, known as rPET bottles, for its Carbonated Beverage product, known as Pepsi Black. The plastic bottles will be produced in India through a collaboration between the company and its bottling partner, Varun Beverages.
- September 2022: Ingreendients, a personal care company, partnered with Berry Global, a United States-based packaging firm, to create 100% recycled plastic bottles for haircare products. For Ingreendients, Berry Global introduced shampoo and conditioner bottles constructed of post-consumer recycled (PCR) plastic, right down to the cap. The packaging industry makes high-density polyethylene (HDPE) bottles at a factory in Winchester, Virginia.
- September 2022: Sonoco signed a definitive deal to acquire privately held paper company Skjern from Denmark for USD 88 million in cash. Sonoco was to be able to convert operations throughout Europe and surrounding regions and increase its client production capacity as a result of the purchase. The purchase is consistent with the packaging company's strategy of investing in its core business while extending Europe's expanding market for sustainable paper and packaging products.
Rigid Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Technology Snapshot (Trend Analysis of the Plastic Manufacturing Processes)
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand in Major Asian Markets Such as India and China
5.1.2 Strong Demand From the Food and Beverage Packaging Industry
5.2 Market Restraints
5.2.1 Stringent Laws and Regulations Pertaining to Plastic Packaging Industry
5.2.2 Competition From Flexible Plastic Packaging
6. MARKET SEGMENTATION
6.1 By Product
6.1.1 Bottles and Jars
6.1.2 Trays and Containers
6.1.3 Caps and Closures
6.1.4 Other Product Types (Blister and Clamshell Packs, and Rigid Plastic Tubes)
6.2 By Material
6.2.1 Polyethylene (PE)
6.2.2 Polyethylene Terephthalate (PET)
6.2.3 Polypropylene (PP)
6.2.4 Polystyrene (PS) and Expanded Polystyrene (EPS)
6.2.5 Polyvinyl Chloride (PVC)
6.2.6 Other Rigid Plastic Packaging Materials
6.3 By End-user Industry
6.3.1 Food and Beverage
6.3.2 Healthcare
6.3.3 Cosmetics and Personal Care
6.3.4 Industrial
6.3.5 Building and Construction
6.3.6 Automotive
6.3.7 Other End-user Industries (Electrical and Electronics)
6.4 By Geography
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Rest of Europe
6.4.3 Asia-Pacific
6.4.3.1 China
6.4.3.2 India
6.4.3.3 Japan
6.4.3.4 Australia
6.4.3.5 South Korea
6.4.3.6 Rest of Asia-Pacific
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Rest of Latin America
6.4.5 Middle East and Africa
6.4.5.1 United Arab Emirates
6.4.5.2 Saudi Arabia
6.4.5.3 South Africa
6.4.5.4 Rest of Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Amcor Group GmbH
7.1.2 Berry Global Inc.
7.1.3 Alpla Werke Alwin Lehner GmbH & Co KG
7.1.4 Silgan Holdings Inc.
7.1.5 Sealed Air Corporation
7.1.6 Plastipak Holding, Inc.
7.1.7 Sonoco Products Company
7.1.8 Graham Packaging Company
7.1.9 Huhtamaki, Inc.
7.1.10 Albea Group
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Rigid Plastic Packaging Industry Segmentation
Rigid plastic packaging is defined as a packaging type that features heavier and often stronger materials than flexible plastic packaging. A rigid plastic package, which has been known for its strength, offers structure and support to the product. It is applied in a variety of products, offering advantages like resistance to impact, moisture, and different environmental factors.
The Rigid Plastic Packaging Market is segmented by Product (Bottles and Jars, Trays and Containers, Caps and Closures), Material (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS) and Expanded Polystyrene (EPS), Polyvinyl Chloride (PVC)), End-user Industry (Food and Beverage, Healthcare, Cosmetics and Personal Care, Industrial, Building and Construction, Automotive) and Geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, Rest of Latin America), Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of the Middle East and Africa)). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Product | |
| Bottles and Jars | |
| Trays and Containers | |
| Caps and Closures | |
| Other Product Types (Blister and Clamshell Packs, and Rigid Plastic Tubes) |
| By Material | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Polystyrene (PS) and Expanded Polystyrene (EPS) | |
| Polyvinyl Chloride (PVC) | |
| Other Rigid Plastic Packaging Materials |
| By End-user Industry | |
| Food and Beverage | |
| Healthcare | |
| Cosmetics and Personal Care | |
| Industrial | |
| Building and Construction | |
| Automotive | |
| Other End-user Industries (Electrical and Electronics) |
| By Geography | ||||||||
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Rigid Plastic Packaging Market Research FAQs
How big is the Rigid Plastic Packaging Market?
The Rigid Plastic Packaging Market size is expected to reach USD 253.36 billion in 2024 and grow at a CAGR of 2.35% to reach USD 284.60 billion by 2029.
What is the current Rigid Plastic Packaging Market size?
In 2024, the Rigid Plastic Packaging Market size is expected to reach USD 253.36 billion.
Who are the key players in Rigid Plastic Packaging Market?
Amcor Group GmbH, Berry Global Inc., Alpla Werke Alwin Lehner GmbH & Co KG, Silgan Holdings Inc. and Sonoco Products Company are the major companies operating in the Rigid Plastic Packaging Market.
Which is the fastest growing region in Rigid Plastic Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rigid Plastic Packaging Market?
In 2024, the Asia Pacific accounts for the largest market share in Rigid Plastic Packaging Market.
What years does this Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Rigid Plastic Packaging Market size was estimated at USD 247.41 billion. The report covers the Rigid Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the emerging trends in the Rigid Plastic Packaging Industry?
The emerging trends in the Rigid Plastic Packaging Industry are a) Growing environmental concerns are driving the demand for sustainable rigid plastic packaging solutions b) Focus on material science advancements to enhance shelf life, product protection, and aesthetics
Rigid Plastic Packaging Industry Report
The rigid plastic packaging industry is witnessing remarkable growth, fueled by the increasing demand from sectors like food & beverages, healthcare, and personal care. Its success lies in offering durable, lightweight, and cost-effective solutions, meeting the evolving needs of consumers and businesses. Emphasizing sustainability, the industry is advancing in recycling and eco-friendly materials, catering to the green packaging trend. Its versatility, evident in products like bottles and containers, alongside innovations in production processes such as injection molding, positions it as a market favorite. The industry's growth is further propelled by the rapid urbanization in Asia-Pacific, a leading consumer due to its vast population and economic boom. Despite competition from flexible packaging and regulatory challenges, the rigid plastic packaging sector thrives, capitalizing on e-commerce and demographic shifts. For detailed insights, Mordor Intelligenceā¢ offers a comprehensive analysis, including market share, size, revenue growth, and forecasts, available as a free report PDF download, highlighting the industry's significant global market presence.
